Procedures
Gold Bullion
The document below is specific as to what was issued by the FED and the World Gold Council on June 6th, as what is required by law now to be followed on all GLD AU transactions.
The specific guidelines as set forth by these two agencies exactly as required now to do AU transactions and are the only legal way to handle these transactions.
At the stage of Bank Officer to Bank Officer there are two ways it can be structured:
It can also be set up as a TTM at the bank if the seller and buyer wish, or
A ledger to ledger inter-bank contract transaction Bank Officer to Bank Officer.
It is also important to understand that not all gold deals are transacted using the swiss procedure. We have a selection of bullion sellers in Asia and their procedure are different to that of swiss.
International Gold Bullion Legislation the Patriot Act I and Act II
If you have or are a genuine buyer who is looking to purchase gold bullion, We have gathered a network of professionals who are able to source bullion meaning that we’ll be able to offer you genuine sources of gold that match your requirements.
So whether you’re looking to acquire a large quantity of gold bullion or a small quantity of gold bullion, you can trust us to find what you’re looking for. Thereafter, we’ll do everything in our power to facilitate the smooth transacting of a successful sale and purchase.